This paper investigates the relationship between the list and sale price of residential
properties over the housing cycle. In down or normal markets the list price generally …

We offer a theoretical and empirical comparison of auctions and negotiated sales. We first
build a simple model to show that auctions generate a higher relative price than negotiated …

Loss aversion, similar to behavioral sciences in general, has found applications in a wide
range of research areas; however, evidence in housing studies remains scarce. We provide …

Abstract Information asymmetry in the used-car market causes inconsistent product quality
and price perceptions between buyers and sellers. Third-party reselling platforms with …

Purpose This paper aims to empirically test the effect of list price and bidding strategies in
ascending auctions of residential real estate. Design/methodology/approach Three …

Existing residential homes in Norway are sold by English auctions. This provides an
exclusive opportunity to examine opening bid strategies for high-valued objects. Using …

Due to the heterogeneous nature of real estate assets, housing market is characterized by a
sequential search and seller's optimal strategies. This paper provides a side-by-side …

This study documents that over 10% of the presale contracts in the Hong Kong housing
market between 1996 and 2014 were rescinded, resulting in a loss of HKD 436.67 million …

Search theory shows that real property prices and marketing durations are simultaneously
determined and positively related. Yet, empirical studies find positive, negative, and …

Distressed property sales, which are carried out under court order by online auction, have
increased rapidly in China in recent years. We examine how the implementation of home …